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Retail Giants Report Strong Growth and Healthcare Innovation
Stock Market News· 2025-10-08 21:08
Costco Wholesale Corporation - Costco reported net sales of $26.58 billion for September 2025, representing an 8.0% increase year-over-year [2][8] - Comparable sales increased by 5.7% overall, with U.S. sales rising 5.1%, Canadian sales up 6.3%, and international markets growing by 8.5% [3][8] - Digitally-enabled sales surged by 26.1%, reflecting the company's adaptation to changing shopping habits [3][8] Amazon - Amazon is launching electronic pharmacy kiosks at One Medical locations starting December 2025, aimed at simplifying the prescription process [4][5][8] - The kiosks will allow patients to pick up medications shortly after their doctor's appointments, enhancing medication adherence [5][8] - This initiative integrates Amazon's healthcare acquisitions into a seamless patient experience, potentially disrupting traditional pharmacy models [5][8]
Market Movers: Gold Hits $4,000, Amazon Expands Pharmacy Kiosks, and Tech Giants Face Antitrust Scrutiny
Stock Market News· 2025-10-08 20:38
Gold Market - Gold prices have surpassed $4,000 per ounce for the first time, marking a significant milestone in a three-year bull run, with gains of approximately 50% in 2025, 27% in 2024, and 13% in 2023 [2][8] - Analysts at Goldman Sachs have raised their gold price forecast, suggesting it could reach $4,900 an ounce by the end of 2026, driven by strong demand from central banks, a weaker U.S. dollar, and inflows into gold ETFs [3] Amazon Pharmacy - Amazon Pharmacy is introducing electronic kiosks in One Medical offices, starting in Los Angeles in December 2025, to provide immediate access to commonly prescribed medications [4][5] - The initiative aims to address the issue of unfilled prescriptions, allowing patients to order medications via the Amazon app and pick them up shortly after their appointments [5] Temu Investigation - Temu is under investigation by the German Federal Cartel Office for potentially imposing "inadmissible requirements" on third-party merchants regarding pricing on its platform [6][7] - The investigation raises concerns about competition and pricing in the marketplace, with Temu asserting its compliance with local laws and confidence in resolving the issues [7] Google Antitrust Case - Google is fighting to maintain its right to bundle services like Google Maps and YouTube with its Gemini AI service amid ongoing antitrust scrutiny from the Justice Department [9][10] - Prosecutors argue that Google's bundling practices reinforce its market dominance and hinder competition, which could significantly impact how Google integrates its AI offerings [10]